Economy

We just got a look at September existing home sales figures. Total sales fell 3% to a seasonally adjusted annual rate of 4.91 million from 5.06 million in August. That was right in line with the estimates of economists polled by Bloomberg. Single-family sales dropped 3.6%, while condo sales rose 1.8%.
The “months supply at current [...]

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The September housing starts figures were just released and they popped by a surprising 15%. The 658,000 seasonally adjusted annual rate of starts was well ahead the median forecast of 590,000 and the highest since April 2010. We saw broad-based regional strength as well, led by the West with a gain of 18.1%.
However, the strength [...]

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The latest pending home sales figures were just released, and they showed a 1.2% drop between July and August. That was the second monthly decline in a row and it left the seasonally adjusted index at 88.6, the lowest since April. Sales fell 2.4% in the West, 3.7% in the Midwest, and 5.8% in the [...]

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We just got new home sales figures for August, and they were nothing to write home about. Sales fell 2.3% to a seasonally adjusted annual rate of 295,000 from 302,000 a month earlier. That was roughly in line with the average forecast of analysts polled by Bloomberg.
The number of homes on the market continued to [...]

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The latest housing starts figures just hit the tape. Starts fell 5% to a seasonally adjusted annual rate of 571,000 in August from 601,000 a month earlier. That missed expectations for a reading of 590,000. On the flip side, building permits rose 3.2% to a 620,000 SAAR from 601,000. That was slightly above forecasts for [...]

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Pending home sales dipped in July, falling 1.3% on the month. That was roughly in line with expectations. Regionally speaking, sales fell 0.8% in the Midwest, 2% in the Northeast, and 4.8% in the South. They rose 3.6% in the West.
The pending home sales figures fall into the same “lackluster” category as all the [...]

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Have you seen America’s Financial Doomsday?Click here to tell us what you think of the video!
About 48 hours from now — on Friday, August 26, 2011 — Benjamin S. Bernanke will step before the microphones in Jackson Hole to comment after this week’s Federal Reserve meetings there.
Normally, we’d expect the Fed [...]

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New home sales figures for July were just released. They showed that sales dipped 0.7% to a seasonally adjusted annual rate of 298,000 from a downwardly revised 300,000 in June. That was slightly worse than the 310,000 sales economists were looking for, and the lowest level since February.
The raw number of homes for sale [...]

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Have you seen America’s Financial Doomsday?Click here to tell us what you think of the video!

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